A Brief History of Doom

A Brief History of Doom
Author :
Publisher : University of Pennsylvania Press
Total Pages : 240
Release :
ISBN-10 : 9780812296617
ISBN-13 : 0812296613
Rating : 4/5 (613 Downloads)

Book Synopsis A Brief History of Doom by : Richard Vague

Download or read book A Brief History of Doom written by Richard Vague and published by University of Pennsylvania Press. This book was released on 2019-03-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.


A Brief History of Doom Related Books

A Brief History of Doom
Language: en
Pages: 240
Authors: Richard Vague
Categories: Business & Economics
Type: BOOK - Published: 2019-03-25 - Publisher: University of Pennsylvania Press

DOWNLOAD EBOOK

Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of wor
A Brief History of Doom
Language: en
Pages: 240
Authors: Richard Vague
Categories: Business & Economics
Type: BOOK - Published: 2019-05-17 - Publisher: University of Pennsylvania Press

DOWNLOAD EBOOK

Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of wor
Masters of Doom
Language: en
Pages: 394
Authors: David Kushner
Categories: Biography & Autobiography
Type: BOOK - Published: 2003-04-24 - Publisher: Random House

DOWNLOAD EBOOK

Masters of Doom is the amazing true story of the Lennon and McCartney of video games: John Carmack and John Romero. Together, they ruled big business. They tran
Doom
Language: en
Pages: 497
Authors: Niall Ferguson
Categories: Political Science
Type: BOOK - Published: 2021-05-04 - Publisher: Penguin

DOWNLOAD EBOOK

"All disasters are in some sense man-made." Setting the annus horribilis of 2020 in historical perspective, Niall Ferguson explains why we are getting worse, no
Nuremberg's Voice of Doom
Language: en
Pages: 328
Authors: Wolfe Frank
Categories: History
Type: BOOK - Published: 2018-10-30 - Publisher: Casemate Publishers

DOWNLOAD EBOOK

The memoirs of Wolfe Frank, which lay hidden in an attic for twenty-five years, are a unique and highly moving behind-the-scenes account of what happened at Nur